Scotiabank Lowers Dollarama (TSE:DOL) Price Target to C$200.00

Dollarama (TSE:DOLGet Free Report) had its target price dropped by stock analysts at Scotiabank from C$220.00 to C$200.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 18.46% from the company’s previous close.

A number of other research firms have also weighed in on DOL. National Bank Financial reduced their price target on shares of Dollarama from C$225.00 to C$198.00 and set an “outperform” rating on the stock in a research report on Wednesday. Canadian Imperial Bank of Commerce upgraded shares of Dollarama from a “hold” rating to an “outperform” rating and decreased their target price for the company from C$212.00 to C$202.00 in a research report on Wednesday. Desjardins lowered their price target on shares of Dollarama from C$218.00 to C$205.00 and set a “buy” rating for the company in a report on Wednesday. Canaccord Genuity Group dropped their price target on Dollarama from C$207.00 to C$187.00 in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on Dollarama from C$195.00 to C$185.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$202.92.

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Dollarama Trading Down 1.8%

Shares of DOL stock opened at C$168.84 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61. The stock has a market capitalization of C$46.19 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15. Dollarama has a 12-month low of C$147.00 and a 12-month high of C$209.96. The stock’s 50-day moving average price is C$191.42 and its 200-day moving average price is C$191.81.

Dollarama (TSE:DOLGet Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%.The company had revenue of C$2.10 billion during the quarter. Equities research analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

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Dollarama Company Profile

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Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

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